3 ms·
Insightful, but by no means complete (missing, among other things: matching of liabilities with assets; risk or diversification or the basics of modern portfoli
by FabHK 3y ago
Insightful, but by no means complete (missing, among other things: matching of liabilities with assets; risk or diversification or the basics of modern portfolio theory; the notion of real vs nominal returns (only alluded to); etc.)